Radio shack is on track to have $221 million in debt this year against $235 million in cash and equivalents, by the end of this year, Fassler believes. The company also will have $942 million of total current liabilities by the end of the year, including $279 million in short-term debt.
Fassler thinks the company may miss Q1 projections, perhaps delivering $965 million in revenue and a 31-cent net loss per share. That is below the Street consensus for $966 million and an 11-cent loss
I don't like the company but the do have 100mm return due from taxes and 50 million due from target inventory that was not included in Q1 results. As far as the 2 Bil in assest - well they have 1.7 Billion in liabilities - so in that aspect that they are in bad shape. When you look at liquidation value of inventory - yikes they are screwed - (based on previous liquidation results).
No one does better research than Goldman.............Goldman and I both warned before earnings........the gamblers were calling for an earnings beat........43 mil loss......ouch.........now RSH is just treading water waiting for the next shoe to drop while the big boys exit...............goldman.....golddman........goldman